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Direct World Convenience Card Inc has provided financial
services to a wide range of clients over the past 20 years. The company has a
strong client base and provides the base clients for the new venture. The
company plans to build from its client base to the employers of the companies
to enroll additional clients in the Direct World Convenience Card Program.
Trends in the Industry
The advent of the stored-value card technology has brought
about changes in financial transactions where money in the form of cash is
easily substituted for the convenience card. The technology leads to the
opportunity of providing card services to a wide population.
Workers and employers can benefit from the use of payroll cards
by having the cards as a tool to reduce costs with added convenience.
Convenience to the employer is important under a number of situations where the
employee needs cash from his pay check or expense allocation to live away from
home. Money is easily accessed by an ATM or services paid for via Point of Sale
(POS) machine. Other benefits are as follows:
Employer Benefits
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Reduce bank charges
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View pay information from the internet
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Reduce check fraud
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Administrative cost significantly reduced
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No need to deal with lost or stolen
check
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Convenient way to get cash where you to not have to physically pick up a paper
check
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Expense allocations to the card for work away from the office
Employee Benefits
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Safe and secure access to employees funds
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No check cashing fees
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Privacy ensured
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Fund card from number of sources
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Bill payments
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Statements and Balance inquiries via ATM or internet
Direct World Convenience Card provides this financial
flexibility along with the tradition of high quality and professional service
to employers and employees.
Mission
To be the finest and foremost distributor of employees and
employers payroll convenience cards in
North America.
Opportunity
Direct World
Convenience Card Inc has, through
its experience in serving the
financial needs of thousands of
clients, developed a financial
opportunity that combines the
benefits of smart card technology
and convenience with the power of
the internet.
This opportunity will save money for both the employee and the
employer and provide added flexibility and convenience for employees in the
using their financial resources.
The service simplifies the payroll distribution for employers
and provides secure, safe and immediate access to cash for employees. The
service allows the employees net pay to be attached to the Direct World
Convenience Card every pay period. The novel features of these services, in
addition to the access to immediate cash, is the
additional services such as bill
payments, internet statements and additional card availability.
Direct World will also provide employers and employees with an
easy transition to sign up new members in a fast, efficient and effective
manner. Through using the best computer systems and most knowledgeable staff,
the enrollment of the Direct World Convenience Card will be smooth, safe and
secure.
Executive Summary
The convenience card industry is growing at a rapid rate. There
are considerable opportunities to capitalize on in delivering effective and
efficient financial services to the workforce.
The objective is to market and develop a state of the art
convenience card distribution system whereby employers and employees can enjoy
cost savings through an easy to use card.
The initial business will focus on
North American Based Companies with
employees working in remote locations and existing Direct World customers.
Direct World Convenience Card Inc proposes to launch a new
financial service through the use of payroll debit cards from the existing
customer and client base. The development and acceptance of Stored Value Cards
has led to the need for programs to assist employees and employers to reduce
charges related to their financial transactions.
Direct World
Convenience Card addressed the needs
of employees and employers by
providing high quality financial
services where their money is safe,
secure and readily available 24
hours a day, 7 days a week.
The payroll card program offers complete flexibility to the
employers needs and assists employees accessing their net payroll from a number
of sources.
This card is issued by Servus Credit
Union Ltd. pursuant to a license by
MasterCard International
Incorporated.
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